OREANDA-NEWS. August 09, 2011. As the European men's basketball championship in Lithuania approaches, Bank SNORAS offers a new safe investment method – an opportunity to acquire the basketball bonds. The return on these bonds will be the larger, the higher position the basketball team of the country's men will take in the championship. If the national team wins the gold medals, the return on the basketball bonds will seek 20 per cent from the invested sum, reported the press-centre of Bank SNORAS.

“This investment product will provide the country's fans with the opportunity not only to actively express support for sport victories but also, while safely investing, to obtain a direct benefit for the higher achievements of our combined team – a larger return on investments,” states Remigijus Bartaska, the director of Bank SNORAS Investment Business Division.

According to R. Bartaska, if the national team wins the gold medals, the basketball fans making the investments will gain 20 per cent return from their invested sum (10 per cent of the annual interest). If the combined team takes the second place in the championship, the return on the basketball bonds will seek 10 per cent (5 per cent of the annual interest), and if it wins the bronze medals – the return will comprise 8 per cent (4 per cent of the annual interest). If the Lithuanian basketball team is not included in the top three prize winners of the championship, the return on the bonds will comprise 5 per cent (2.5 per cent of the annual interest).

The basketball bonds will be distributed since 1 August till 6 September in all subdivisions of Bank SNORAS. The nominal value of one bond is 100 litas, while their minimum acquisition sum is 500 litas.

Bank SNORAS basketball bonds are conditional coupon bonds. It is a two-year safe investment method with at least 2.5 per cent of the annual interest norm as well as with the paid out conditional coupon interest which will depend on the success of the Lithuanian basketball team.
The basketball bonds can also be sold, granted as a gift or transferred in some other way to another person or a company. Moreover, if money is urgently needed, during the entire bonds validity period investors will be able to sell the bonds to Bank “Finasta”, belonging to SNORAS group, which will be regularly posting indicative bonds redemption prices on the website www.finasta.com